Seattle, WA, June 12, 2018 --(PR.com
)-- In a flash report issued on Tuesday, June 12, 2018, the INVNT/IP (Inventing Nations vs. Nation-sponsored Theft of IP) Global Consortium outlined the system by which the People’s Republic of China addressed the steel and aluminum industries. The report, a short brief, titled "Stolen Steel," outlines various practices with regard to those industries.
The report cites the 2016 US Department of Justice indictments of PRC military hackers for illegal access to and exfiltration of large quantities of proprietary data at leading international aluminum and steel firms.
Evan Anderson, CEO of INVNT/IP said, “Steel and aluminum are, without a doubt, two of the most important industries to any industrial power. Without domestic industrial capabilities in these industries, a nation cannot build infrastructure. Without them, a nation has no military.” Anderson added, “I often see trade officials today complaining that these metals shouldn’t be part of any national security considerations, which worries me. We at INVNT/IP believe the inverse: every nation in the G7 should be focused on these metals as critical to national security, and none should be denied the right to secure and preserve their own domestic sources, particularly in the face of hostile attempts to dominate these industries.”
The report concludes with a call to action for the United States and its long-term trusted allies, stating: “In the face of the ongoing campaign to destroy production capabilities everywhere outside the PRC, nations that follow international trade norms should act to protect themselves through continued, collective, and collaborative trade action.”
The flash report builds on previous research done by INVNT/IP staff to describe the Chinese national economy and business model and its trade practices.
The report can be accessed at www.invntip.com